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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Rental revenue $ 179,250,000 $ 170,851,000 $ 526,415,000 $ 518,625,000
Fee and other income 7,897,000 8,280,000 29,934,000 23,941,000
Total revenues 187,147,000 179,131,000 556,349,000 542,566,000
Expenses:        
Operating 72,845,000 67,131,000 207,320,000 197,821,000
Depreciation and amortization 58,284,000 57,522,000 171,306,000 175,752,000
General and administrative 13,150,000 13,257,000 45,501,000 46,039,000
Transaction related costs 105,000 87,000 381,000 503,000
Total expenses 144,384,000 137,997,000 424,508,000 420,115,000
Other income (expense):        
(Loss) income from unconsolidated joint ventures (5,797,000) 223,000 (15,326,000) (20,810,000)
Income from unconsolidated real estate funds 300,000 276,000 625,000 604,000
Interest and other income, net 1,580,000 138,000 2,607,000 2,510,000
Interest and debt expense (36,949,000) (36,266,000) (106,804,000) (105,919,000)
Income (loss) before income taxes 1,897,000 5,505,000 12,943,000 (1,164,000)
Income tax expense (673,000) (873,000) (1,559,000) (2,448,000)
Net income (loss) 1,224,000 4,632,000 11,384,000 (3,612,000)
Less net (income) loss attributable to noncontrolling interests in:        
Consolidated joint ventures (4,179,000) (3,768,000) (12,383,000) (16,924,000)
Consolidated real estate fund 1,309,000 (3,123,000) 2,677,000 (3,179,000)
Operating Partnership 109,000 204,000 (204,000) 2,139,000
Net (loss) income attributable to common stockholders $ (1,537,000) $ (2,055,000) $ 1,474,000 $ (21,576,000)
(Loss) Income per Common Share - Basic:        
(Loss) income per common share $ (0.01) $ (0.01) $ 0.01 $ (0.10)
Weighted average shares outstanding 224,864,791 218,706,356 222,228,605 218,689,696
(Loss) Income per Common Share - Diluted:        
(Loss) income per common share $ (0.01) $ (0.01) $ 0.01 $ (0.10)
Weighted average shares outstanding 224,864,791 218,706,356 222,262,748 218,689,696